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1320 E Main St, Muncie, IN 47305
About this home
Seize this exceptional opportunity to own a high-earning, turnkey triplex in the heart of Muncie, Indiana. This meticulously maintained property offers a powerful combination of steady cash flow, reduced vacancy risk, and significant long-term appreciation potential. Located in a prime neighborhood, this triplex is a dream for both seasoned investors and first-time buyers looking to "house hack" their way to financial freedom. Investment Highlights Three Streams of Income: With all three units fully leased to reliable tenants, you'll benefit from a powerful, diversified income stream from day one. Unlike single-family homes, a triplex significantly mitigates the financial impact of a single vacancy. Prime Muncie Location: Situated in a high-demand area near [mention a specific local landmark, e.g., Ball State University, downtown Muncie, IU Health Ball Memorial Hospital], this property consistently attracts a strong pool of tenants, including students, faculty, and young professionals. Its proximity to jobs, dining, and entertainment ensures low turnover and competitive rental rates. Strong Financial Performance: Muncie's real estate market is on the rise, with home values and rental rates seeing consistent growth. This triplex is a high-performing asset that offers both immediate, attractive cash flow and the potential for a substantial increase in value over time.
Redfin Estimate
Market trends in 47305, IN
Last updated August 2026
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Provided by Redfin
Sale history for 1320 E Main St
$67/sq ft
$75/sq ft
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Tax history for 1320 E Main St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Interior
- Basement Information
- Has Basement
- Heating & Cooling
- Heating Information: Electric, Baseboard
- Multi-Family Financial Information
- Net Operating Income: 20261
- Gross Income: 31320
- Expenses: 11059
- Multi-Unit Information
- # of Units: 3
- Unit Type 1 Information
- Kitchen: 150
- Levels: 1
- Rent: 620
- Rent Frequency: Monthly
- Unit Type: 1 Bedroom
- Unit Type 2 Information
- Kitchen: 200
- Levels: 1
- Rent: 1100
- Rent Frequency: Monthly
- Unit Type: 4 Bedroom Or More
- Unit Type 3 Information
- Kitchen: 150
- Levels: 1
- Rent Frequency: Monthly
- Rent: 890
- Unit Type: 3 Bedroom
Exterior
- Property Features
- Conversion: No
- Property Information
- Property Type: Residential Income
- Property Sub Type: Triplex
- Land Information
- Current Use: Apt>20
- Acres: <1/4 Acre
- Lot Information
- Lot Size Acres: 0.11
- Road Access: Frontage Road
Utilities
- Utility Information
- Solid Waste Information: No
Location
- School Information
- High School District: Muncie Community Schools
- Location Information
- Directions: GPS Friendly
- Tax Legal Description: Pt Se Qtr 122 Ft By 40 Ft Main St 0.1100Acres Str: 102010 In: Out:
Public facts
- Beds: 2
- Baths: 3.0
- Sq. Ft.: 2,116
- Stories: 2.0
- Lot Size: 4,792 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1900
- Year Renovated: 1965
- County: Delaware County
- APN: 181110490022000003
Other
- Home Information
- Construction Materials: Brick
- Levels: Two
- Security Features: Smoke Detector(s)
Around this home
Schools
Public PreK-5 • Assigned • 0.2mi
Public PreK-12 • Assigned • 1.0mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 100° expected this year, 18 days in 30 years
0% chance of strong winds in next 30 years
2 unhealthy days expected this year, 3 days in 30 years
Sun exposure
In this area, properties receive around 10.2 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.
Sell confidently with a local market expert in Muncie. 3 minutes to get started.
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Home values near 1320 E Main St
| Address | Redfin Estimate |
|---|---|
- Beds | 4 Baths | 2502 Sq. Ft. | — |
3 Beds | 2 Baths | 1899 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1656 Sq. Ft. | $60,464 |
7 Beds | 2 Baths | 2300 Sq. Ft. | $149,188 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1352 Sq. Ft. | $97,617 |
3 Beds | 1 Baths | 1596 Sq. Ft. | $34,704 |
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